Ravenscroft has helped UK floor coverings distributor Likewise Group to list on the AIM market of the London Stock Exchange and raise £10m for growth.
At the placing price of 25 pence per share, Likewise’s market capitalisation was approximately £48.1m, and the value has ris...
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By Ravenscroft on
27 August 2021
Issue 74 of Businesslife, a special edition on the funds sector, is now available online.
The global funds sector is thriving in the face of adversity – as funds activity blossoms despite the impact of the Covid-19 pandemic and the fallout from Brexit – the latest issue of Businesslife ...
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By BL Global on
26 August 2021
Sanne Group has reached agreement with Apex Group on a takeover valued at £1.51bn for its entire issued, and to be issued, ordinary share capital.
Under the terms of the acquisition, each Sanne shareholder would be entitled to receive 920 pence in cash per share – a premium of around 53...
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By Sanne Group on
26 August 2021
RBC Wealth Management, part of Royal Bank of Canada, has published its first report on gender pay in the Channel Islands, covering the 12 months to April 2020.
The report highlights the difference between the average earnings of men and women at RBC in the Channel Islands, though it doe...
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By Greentarget on
26 August 2021
Suntera Global has appointed Mike Pownall to the role of Client Services Director in the firm’s private client team, based in Jersey.
Mike joins Suntera having previously served as a Client Services Director at IQ-EQ in Jersey. Prior to this, he spent a year as Client Services Director a...
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By Suntera Global on
26 August 2021
Hawksford Trust Company Jersey has settled with the Jersey Financial Services Commission after breaching regulatory rules, including significant and material breaches as a result of deficient corporate governance over customer structures and systems and controls, the JFSC has said.
According to the...
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By Jersey Financial Services Commission on
25 August 2021
Suntera Global has acquired fund administration and corporate services firm Reference Financial Services (Luxembourg).
Suntera says the acquisition, which is subject to regulatory approval, strengthens its presence in EU markets, complementing its office network in Jersey, Cayman, Bahamas, Isle of ...
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By Suntera Global on
25 August 2021
Vistra has been chosen by AMR Action Fund, a public-private partnership supporting the development of new antibiotics, to provide fund administration and a multi-country, multi-service solution to help bring new antibiotics to market.
The AMR Action Fund, a global venture capital fund, is an ...
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By Vistra on
24 August 2021
Appleby has appointed Alex Thornton de Mauroy as a Senior Associate in its dispute resolution team in Guernsey.
Alex qualified as a solicitor in 2014 with Stephenson Harwood in London, practising there until joining Appleby this summer. Prior to this, he was located in Paris in the litigation...
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By Appleby on
24 August 2021
JTC has appointed Aidan Davin as Managing Director of its Isle of Man operation.
Aidan is a private client specialist with more than 30 years’ experience in the international financial services space, including 13 years at a senior level in the Isle of Man.
In his new role, Aidan will ...
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By Crystal PR on
23 August 2021
The Jersey Financial Services Commission has updated its beneficial ownership guidance.
The guidance was last updated in January when the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 came into force.
The Commission has made two key updates to the ...
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By Jersey Financial Services Commission on
23 August 2021
The board of Bailiwick Investments, which has interests in many Channel Islands’ businesses, has made two recent changes.
John Henwood, who became a Director when the company launched in 2008, has stepped down to join the board of Channel Islands Media Group, one of Bailiwick’s investee...
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By Ravenscroft on
20 August 2021
Fund and corporate services provider the Aztec Group has supported private equity investment firm and longstanding client MML Capital with the fundraising activities and final close of its latest fund, MML Partnership Capital VII SCSp.
MML broke through its hard-cap, raising €670m.
Rais...
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By Aztec Group on
20 August 2021
The Jersey Financial Services Commission is asking for feedback from insurance businesses on a proposed 4% increase to the sector’s fee rates for 2021-22.
This increase is made up of:
• A 3.5% increase in line with inflation (RPI of 3.5% in June 2021)
• A 0.5% increase as a contribu...
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By Jersey Financial Services Commission on
20 August 2021
Ogier Global has expanded its footprint in Asia with the opening of a Singapore office and the appointment of two Associate Directors.
The standalone fiduciary services business will provide director services and corporate administration services to Cayman, BVI and Singapore vehicles, including ant...
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By Ogier on
19 August 2021
Statistics Jersey has published its house price report for the second quarter of 2021.
On a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q2 2021 was 4% higher than the previous quarter (year ending Q1 2021).
On a quarterly basis...
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By Government of Jersey on
19 August 2021
Fund and corporate services provider the Aztec Group has promoted two members of staff to Director in Jersey.
Ed Bellew (pictured right) has been named Director – Real Assets, while Kim Anthony (pictured below) has moved to Director, Business Improvement.
Ed joined Aztec in 2017 as an Associ...
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By Aztec Group on
18 August 2021
Corporate, private client and fund services provider Hawksford has announced two senior promotions in Jersey – Daniel Mardell to Director of Global Operations Centre and Infrastructure and Zara Campbell to Associate Director, Private Client Services.
Daniel (pictured right) joined ...
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By Liquid on
17 August 2021
Financial services provider Suntera Global has appointed Jon Trigg as a Non-Executive Director to strengthen the firm’s governance capabilities.
Jon, currently a Director at consultancy Altair Partners, joins the board of Suntera's funds operation in Jersey.
Prior to joining ...
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By Crystal PR on
17 August 2021
JTC Guernsey has increased its senior leadership team with the appointment of Graham Sleep as Director of Fund Services.
Graham’s career with JTC began in 2015, following the acquisition of Kleinwort Benson’s fund administration business.
He joins the Guernsey team having relocated fro...
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By Crystal PR on
17 August 2021
Ocorian has announced the acquisition of Trust Corporation International, subject to regulatory approval.
Guernsey-based Trust Corporation International specialises in proactive planning, wealth administration and corporate services. Its 50-plus team focuses on administering complex, high-val...
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By Ocorian on
16 August 2021
The International Stock Exchange (TISE) has revised its Listing Rules to attract Special Purpose Acquisition Companies (SPACs).
SPACs activity has surged in 2021, especially in the US, and now the UK has launched a SPAC listing regime, which came into effect on 10 August.
TISE initiall...
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By TISE on
16 August 2021
Jersey's Fiscal Policy Panel (FPP) has published its updated forecast for the Jersey economy.
The Panel's economic growth forecast has been revised upward. It now expects the economy to grow by 2.2% this year, with growth further accelerating to 2.8% in 2022 and 3.3% in 2023.
However...
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By Government of Jersey on
16 August 2021
Jersey-based asset management services provider MJ Hudson Group has published a trading update for the 12 months ended 30 June 2021.
The business reports a marked improvement in trading in the second half as the general recovery in activity in private markets has accelerated and momentum continued ...
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By MJ Hudson on
12 August 2021
PraxisIFM has appointed James Coyle to the newly created role of Group Head of IT Infrastructure and Projects.
In partnership with the group's Head of Business Systems and Head of Information Security, James will manage the business's in-house IT infrastructure, service and project te...
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By Orchard PR on
12 August 2021
Guernsey Finance has appointed Josephine Bush as a strategic adviser for green and sustainable finance.
Over a 28-year career, Josephine spent 14 years as a Partner at EY, where she specialised in renewable energy and led a global initiative to build out the global renewables sector.
Josephine is ...
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By We Are Guernsey on
12 August 2021
Alternative assets data, analytics and insights provider Preqin has acquired US and UK-based Colmore, a private markets technology, services and administration business.
Preqin supports more than 110,000 professionals globally in raising capital, sourcing deals and investments and understanding per...
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By PR Newswire on
11 August 2021
Ocorian has promoted Charlotte Cruickshank to Global Head of Fund Onboarding and Solutions, based in Jersey.
Charlotte joined Ocorian as Executive Director, Funds, in 2018. She has an extensive background in fund administration and accounting, working with a range of clients to define their require...
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By Ocorian on
11 August 2021
Jersey-headquartered Crestbridge has received regulatory approval from the Central Bank of Ireland to provide fund administration services in Ireland.
Crestbridge opened its eighth office in Dublin in March and has been offering a full range of integrated corporate services to multiple Irish-...
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By Crystal PR on
11 August 2021
HSBC has made two senior appointments to its Commercial Banking division across the Channel Islands and Isle of Man.
Krzysztof Wozniak has been named Head of International Subsidiary Banking and Multinationals in the Channel Islands and the Isle of Man, while Paul Smith becomes Head of Commercial B...
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By Crystal PR on
11 August 2021
Sharon Doherty has joined recruitment specialist Kendrick Rose as a Senior Consultant, to build relationships with clients and candidates.
After almost 20 years working in-house with professional services businesses, Sharon brings a wealth of experience in legal and financial services recruitment.&...
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By leadership writing on
11 August 2021
D2 Real Estate has added several members of staff to its property management team in Jersey, taking its staff count across both islands to 15.
A specialist in facilities management, Matt Bougourd joins the firm as a Facility Manager from Law at Work, where he has served as Associate Director ...
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By D2 Real Estate on
11 August 2021
Ogier has appointed Sam Dustow to the role of Manager within its private wealth team in Jersey.
Over his career, Sam has specialised in private wealth and funds administration and has more than nine years of experience in the offshore fiduciary services sector.
He joins Ogier having spent almost f...
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By Ogier on
9 August 2021
Deloitte has announced that Partner Adam Cichocki will lead the firm’s Assurance and Advisory teams across Jersey, Guernsey, the Isle of Man and Gibraltar.
The appointment follows Deloitte’s decision to create a single audit, assurance and advisory offering across its Guern...
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By Black Vanilla on
6 August 2021
A cannabis trade organisation for Jersey – the Cannabis Services Advisory Board – has been launched to help shape the next phase of the regulated cannabis sector in the British Isles.
The new board brings together businesses, legislators and other stakeholders in monthly mee...
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By Hudson Sandler on
5 August 2021
Financial services provider Ocorian has supported the £180m initial public offering of Seraphim Space Investment Trust on the Main Market of the London Stock Exchange.
Seraphim, a closed-ended investment company, will invest the funds in a diversified international portfolio of early and grow...
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By Ocorian on
5 August 2021
CBD products producer Jersey Hemp has opened its Seedrs fundraising, with the aim of raising more than £1.1m from new and existing investors to fund its expansion plans.
The money will be used for further development and commercialisation of the company, which is one of the f...
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4 August 2021
Equiom (Guernsey) has been approved to facilitate the listing of bonds and equities on The International Stock Exchange (TISE).
The exchange's COO, Robbie Andrade, commented: “Providing a range of services from locations globally, Equiom is ideally placed to bring significant new bu...
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By TISE on
4 August 2021
Brooks Macdonald International has promoted James Hollowell to the newly created position of Head of Guernsey.
In his new role, James will focus on building the firm’s profile across the Channel Islands and the UK.
He has been with the firm for the past 10 years, most recently as Busin...
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By Crystal PR on
4 August 2021
Skipton International has announced its first-half results for 2021.
Unaudited profits before tax stood at £11.4m, compared with £9.9m in H1 2020. The bank now has assets in excess of £2bn.
During the first six months of the year, Skipton International’s mortgage book grew ...
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By Skipton International on
3 August 2021
Barclays has made two leadership appointments across the Crown Dependencies.
Paul Savery has taken up a new role, Head of Crown Dependencies, to bring together the leadership of Barclays across the Crown Dependencies and drive consistency across all business segments and locations.
Hav...
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By Orchard PR on
3 August 2021
The Institute of Directors' Guernsey Branch has appointed Bob Moore as Vice Chair, taking over from John Clacy.
Bob has been a member of the IoD for more than 20 years and involved in the financial services industry, in Guernsey and internationally, for more than 40 years.
&nb...
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By Black Vanilla on
3 August 2021
UK-listed fund administration business Sanne has announced that it is in advanced discussions with fund servicing group Apex over a potential £1.5bn takeover.
Apex's offer – for the entire issued and to be issued share capital of Sanne – is 920 pence per Sanne share in cash.
...
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By BL Global on
2 August 2021
Collas Crill has appointed Fritha Ford as Of Counsel in Jersey.
Fritha joins the firm after five years with Walkers as a Senior Associate. Prior to that, she spent seven years as an Associate at Mourant.
She specialises in contentious and semi-contentious trust work, often with a cross-border elem...
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By Collas Crill on
2 August 2021
The International Stock Exchange (TISE) has launched a Qualified Investor Bond Market (QIBM) – a dedicated exchange offering for the listing of bonds marketed to qualified investors such as institutional and professional investors.
The key features include:
• QIBM listin...
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By TISE on
2 August 2021
Bedell Cristin has provided Jersey legal advice to the initial purchasers and the mandated lead arrangers in connection with Constellation Automotive’s underwritten financing arrangements.
It included an £695m offering of 4.875% senior secured notes due 2027, an approximately £750...
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By Crystal PR on
2 August 2021